Why is Polymechplast Ma falling/rising?

As of 23-Sep, Polymechplast Machines Ltd is experiencing a price increase, currently at 56.99, with a change of 1.0, representing a rise of 1.79%. Today's price summary indicates that the stock has outperformed its sector by 1.33% and has shown a trend reversal after two consecutive days of decline. It opened with a significant gain of 5.38% and reached an intraday high of Rs 59. However, despite this short-term gain, the stock has underperformed over the past month with a decline of 6.96% and a year-to-date drop of 21.32%. The company has a low return on equity of 2.7 and has reported a substantial profit decline of 38.5% over the past year, which raises concerns about its long-term fundamental strength.
In the broader market context, while Polymechplast has shown a positive short-term return, the benchmark Sensex has increased by 0.98% over the last month, indicating that the stock's recent performance is not reflective of broader market trends. The stock has consistently underperformed against the benchmark over the last three years, generating a return of -12.89% in the past year compared to the Sensex's -3.33%. This consistent underperformance, coupled with operating losses and weak profitability metrics, suggests that while there may be short-term gains, the long-term outlook remains challenging for Polymechplast Machines Ltd.